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You might be wondering if you re liable to pay taxes on bitcoins and other cryptocurrencies you own while in the UK. Cryptos may not be like regular taxable assets such as fiat and real estate. However, specific regulations are imposed in the UK regarding their taxable values.
Learn more about crypto in the UK, the regulating body for taxes, how they view crypto, and what guidelines for cryptocurrency tax exist in this brief article.
UK Tax Guidance Regulator
Her Majesty s Revenue and Customs (HMRC) is the government agency tasked to collect taxes and administer other regulations related to national minimum wage and national insurance numbers. HMRC is also responsible for crafting guidelines on tax matters for all kinds of assets, including cryptocurrencies.